By JEFFREY A. TRACHTENBERG Borders Group Inc. reported a wider quarterly loss on a 12% decline in revenue, the latest indicator of how the recession is roiling the book industry.
By Courtney Schlisserman May 13 (Bloomberg) — Retail sales in the US unexpectedly dropped in April for a second month, indicating that rising unemployment is prompting consumers to conserve cash.
By JACK HEALY The nation’s retailers endured another tough month in April, but there were signs that at least some consumers were coming out of hiding.
May 7 (Bloomberg) — Nintendo Co., the world’s largest maker of video-game players, forecast earnings that missed analysts’ estimates as demand for its Wii console slows and sales of the portable DS player head for their first annual drop.
May 7 (Bloomberg) — Adidas AG, the world’s second-largest sporting-goods maker, forecast higher sales at its TaylorMade golf unit this year and said its ambition is to overtake larger rivals Acushnet Co. and Callaway Golf Co.
Macy’s Inc. reported a 9.1 percent drop in same-store sales in April, compared to analysts’ projections of minus 7.5 percent, and upgraded its first-quarter profit outlook.
By Allison Abell Schwartz and Cotten Timberlake May 7 (Bloomberg) — Wal-Mart Stores Inc. and Aeropostale Inc. reported April sales that exceeded some predictions as the Easter holiday, warmer weather and spring clearance promotions spurred spending.
By Margot Habiby May 4 (Bloomberg) — Crude oil rose to a five-week high as the number of Americans signing contracts to buy previously owned homes jumped along with spending on US construction projects, signaling energy demand may improve with the …
AP , 04.30.09, 01:11 PM EDT Shares of Starbucks Corp. jumped Thursday after the coffee chain said its sales in the fiscal second quarter fell less sharply than at the end of last year.
By David Lawder WASHINGTON, April 29 (Reuters) – The US Treasury on Wednesday said it would sell $71 billion in notes and bonds next week in a record quarterly refunding and move to monthly auctions of 30-year debt to finance massive stimulus and …